Tuesday, November 17, 2009

Updated Position (slight shift long)


I scaled into a modest net-long position today, by adding long and reducing the TWM-hedge.

Some thoughts on new long HEAT (Heatsmart Inc.) were posted earlier today at Evil Speculator here.

Total Position: ~ 1.66-to-1 net-long, considering levered (2x's) TWM hedge
-40% invested overall
-Pure-longs = 29%

Currently Long: (according to size): HMIN (7.9%), HEAT (new today, 6.67%), DGW (increased today, 6.6%), SHOO (5.3%), CYD (2.4%)

Currently Short: (according to size): TWM-long (Russell 2k Dbl-short, reduced today, 10.7%)
(Note: inverse-ETF TWM represents being dbl-short the respective index).

Futures Accounts:
-10% short Dec Euro: reloaded tonight at 1.4872 (relevant accts)
(Covered 20% Dec Euro today, 1.4830 ave; from 1.49215 ave. previous entry Friday)

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